In most cases the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
The person who the will go with.
Heirs are not responsible for any debt. The debt is the responsibility of the estate. If there are not adequate assets, the debtors don't get paid and the heirs will not receive anything.
The borrower, i.e., the person who signed the note, is responsible for payment. If the borrower has died their estate is responsible. If there is no estate the creditor is out of luck. If there was a co-signer then they will be held responsible for paying the debt.
Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.
Your estate is responsible. Other card holders on the account have a responsibility as well.
no.
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
The student's estate is responsible for paying their debt unless there was a co-signer. If there is no estate the lender is out of luck. If there was a co-signer the lender will seek payment from that party.
AnswerNo, you need to send a copy of the death certificate to the credit card company. You are not responsible for your father's debt.
Your mother's estate is responsible for her credit card debt.
Yes. Your estate is responsible for your debts after your death.
not if you have death insurance on the loan and credit cards